---
schema_version: "secwatch.filing_event.v1"
accession: "0000066740-24-000064"
form_type: "8-K"
ticker: "MMM"
cik: "0000066740"
company_name: "3M CO"
filed_at: "2024-06-13T23:59:59+00:00"
generated_at: "2026-06-01T04:43:51.231652+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# 3M transfers $2.5B in pension obligations to Met Tower Life; expects $0.8-$0.9B non-cash charge

## Summary
- Transfers ~$2.5B in defined benefit pension obligations and related plan assets for ~23,000 U.S. retirees.
- Group annuity contract purchased from Metropolitan Tower Life; no additional funding required from 3M.
- Met Tower Life begins paying/administering benefits on October 1, 2024; monthly amounts unchanged.
- Expects non-cash pre-tax settlement charge of $0.8-$0.9B in Q2 2024; excluded from adjusted net income and free cash flow.
- Transaction covers ~60% of ERIP retiree participants; current employees unaffected.

## SEC filing metadata
- accession: 0000066740-24-000064
- form_type: 8-K
- ticker: MMM
- cik: 0000066740
- company_name: 3M CO
- filed_at: 2024-06-13T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/66740/000006674024000064/0000066740-24-000064-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/66740/000006674024000064/mmm-20240613.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000066740-24-000064
- JSON: https://secwatch.observer/filing/0000066740-24-000064.json
- Plain text: https://secwatch.observer/filing/0000066740-24-000064.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.